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Yum! acquires Dragontail Systems

Kentucky-headquartered Yum! Brands, Inc. is acquiring listed company Dragontail Systems, following a cross-border deal.

user iconJerome Doraisamy 02 June 2021 Big Law
Yum! acquires Dragontail Systems
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Firm: Baker McKenzie (Yum! Brands Inc.).

Deal: Yum! Brands is set to acquire ASX-listed company Dragontail Systems Limited by way of a share scheme of arrangement.

Value: $93.5 million.

Area: Corporate.

Key players: The Bakers team was led by partner Kate Jefferson, who was supported by Greg Smith, Eve Gallagher, Rohit Duggal, Victoria Bell and Caitlin Whale.

Deal significance: The deal spanned Australia, the US and Israel. Completion of the transaction, which is subject to a number of conditions, including court approval, Dragontail shareholder approval and receipt of various regulatory approvals and waivers, is expected to occur on or around late September 2021, Bakers said in a statement.

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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